Donald Trump, Japan and South Korea
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President Donald Trump this week extended his “Liberation Day” tariff pause again and sent nearly a half dozen letters to trading partners announcing new tariff rates for their countries. The higher tariffs would kick in on Aug.
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Agence France-Presse on MSNJapan's sticky problem with Trump, tariffs and riceDonald Trump's insistence that "spoiled" Japan imports more US rice is adding to Prime Minister Shigeru Ishiba's problems ahead of elections that could sink his premiership after less than a year in office.
While South Korean imports to the U.S. face 25% tariffs, the same as Trump promised in April, the rate on Japan has been raised by 1 percentage point to 25%.
Business leaders and experts say the uncertainty from President Trump's tariff policies are making it difficult to run operations.
"Deeply regrettable" is how Japanese Prime Minister Shigeru Ishiba has described US President Donald Trump's latest tariff threat - a 25% levy on Japanese goods. Tokyo, a long-time US ally, has been trying hard to avoid exactly this.
U.S. Secretary of State Marco Rubio met counterparts in Southeast Asia on Thursday during his first visit to Asia since taking office, seeking to reassure them the region is a U.S. priority despite President Donald Trump's tariff offensive.
President Donald Trump's threats to impose high tariffs on countries make U.S. trading partners and investors nervous. But his sector tariffs could hurt consumers and businesses more in the long run.